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Be wary of Chrysler resale values

Discussion in 'Money & Finance Forum' started by Thelt, Sep 16, 2007.

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  1. Sep 16, 2007 at 12:24 PM #1
    Thelt

    Thelt Full Access Member

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    I figured I was too far upside down on our Dodge Caravan to trade it in but I did not realize just how bad it was until I tried. It is a 2005 model. It does not have many bells and whistles, pretty much a basic van. It retailed new for about $19k but with the rebate I got it for $15k. Now slightly less than two years later its trade in value is about $6k. It has 35k miles on it and is still under warranty. That is a loss of 60% of its value in less than two years.

    Anyway I will just keep it until its paid off I guess but I wont be buying another Chrysler.....
     
  2. Sep 16, 2007 at 12:27 PM #2
    CFBall

    CFBall Senior Member

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    where did you get those trade in value numbers?
     
  3. Sep 16, 2007 at 12:48 PM #3
    WilliamJ

    WilliamJ SUPERMOD

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    duh.
     
  4. Sep 16, 2007 at 6:37 PM #4
    Thelt

    Thelt Full Access Member

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    dealer pulled it up on kelly bluebook and showed me
     
  5. Sep 16, 2007 at 8:18 PM #5
    VA49er

    VA49er Full Access Member

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    live and learn....
     
  6. Sep 17, 2007 at 4:18 AM #6
    twentybelow0

    twentybelow0 Full Access Member

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    We all learn the hard way. Chryslers suck.
     
  7. Sep 17, 2007 at 7:21 AM #7
    Thelt

    Thelt Full Access Member

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    It is not a bad van. I just moved to a house on a bumpy dirt road and wanted something that could handle that better, especially with winter coming. I guess the van will have to do though. Not like I can hurt its resale value....
     
  8. Sep 17, 2007 at 11:33 AM #8
    chipshotx

    chipshotx Full Access Member

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    Why don't you sell it yourself? The KBB retail value for a standard 05 Caravan is $11,565.
     
  9. Sep 17, 2007 at 11:35 AM #9
    Freakshow

    Freakshow Fuck you guys.

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    BINGO! :greedy:
     
  10. Sep 17, 2007 at 1:18 PM #10
    Thelt

    Thelt Full Access Member

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    I would be all about that but it is hard to do. I have advertised it in the local sales paper for something near that price and got no calls. I even talked to the dealer about selling it for me on consignment but he said all I could get for it was about $8k. I think that was just his way of telling me no though.
     
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